British Land crowns former Lazard man as chair March 11, 2024 Property giant British Land has appointed banking veteran William Rucker as its new chair, replacing Tim Score.
Marston’s: Revenues up as firm looks to get borrowing below £1bn by disposing non-core assets December 5, 2023 Pub chain Marstons said revenues grew during the preliminary year, but operating profits lay flat, as it dealt with the hangover of high inflation.
Marston’s appoints new chief from Merlin Entertainments as long-standing Andrea hangs up hat November 17, 2023 Pub chain Marston's has appointed a new chief executive, Justin Platt, to replace the long-standing Andrew Andrea.
Marston’s pubs: No change in Brits’ appetite for a night out May 16, 2023 Marston’s recorded a near 11 per cent rise in sales in the first half on the back of its strong drinks sales, a trend that has continued over the past few weeks. Marston’s said the continued strength of drink sales demonstrated the resilience of its community pub estate in spite of the economic environment. In [...]
Marston’s swings back to profit as pub chain anticipates Christmas without Covid limits December 6, 2022 Marston’s has welcomed being in the black, after trade at its pub estate recovered from the side effects of Covid-19 lockdowns this year. In results for the year to 1 October, the community pub operator posted a total profit before tax of £163.4 m, versus a loss of £171.1m the year prior. The operator of around [...]
Marston’s: Customer demand ‘encouraging’ despite living pressures October 11, 2022 Pub operator Marston’s has said it is still seeing Brits head to their locals in recent weeks despite pressure on budgets. Like-for-like sales were buoyant over the 10 weeks from 24 July to 1 October ,increasing three per cent on the 2019 financial year. Total like-for-like sales had sunk one per cent compared to the [...]
Marston’s: No ‘discernible change’ to pub chain sales amid cost of living crunch yet July 27, 2022 Marston’s has said there has been no dramatic change in punter sales at the pub chain since the cost of living crisis. In a trading update for the 42 weeks to 23 July 2022, the pub chain acknowledged sales were two per cent below 2019 levels. However, the pub chain put this down to the [...]
Pubs to rake in bank holiday sales with 90m pint prediction May 19, 2022 Pubs will pocket some £105m in pint sales from the Platinum Jubilee Bank Holiday as millions of Brits flood to beer gardens to make the most of the extended weekend. Around 90m pints are to be sold to thirsty punters, according to the British Beer and Pub Association’s (BBPA) forecast. Pubs are eagerly hoping for [...]
Social animals: Marston’s boss insists Brits’ thirst for the pub will not dry up despite historic inflation May 18, 2022 Brits will continue to be “social animals” at the pub, despite inflation hitting a 40-year high, the boss of Marston’s has said. “Having been locked up for two-three years, we are even more social animals,” Andrew Andrea insisted. The pub boss was optimistic that, despite increasing cost of living concerns, punters would continue to knock [...]
Pub group Marston’s returns to profitability as sales bounce back to pre-Covid levels May 18, 2022 Pub group Marston’s today announced it has returned to profit after sales at its 1,482 pubs bounced back to 97 per cent of pre-pandemic levels. The pub and hotel operator posted profits of £39.9m for the 26 weeks running up to 2 April 2022, compared to a £57.2m loss over the same period in 2021. [...]